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US PPI Hits 6.5% as Bitcoin and Ether Edge Higher

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US PPI Hits 6.5% as Bitcoin and Ether Edge Higher

October US producer prices rose 6.5% annually and 0.3% monthly. Bitcoin and ether edged higher around the release, while markets favored a Fed hike.

Directly affected

  • No company is named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust-6.7% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • TLT iShares 20+ Year Treasury Bond ETF+1.1% 16d

    iShares 20+ Year Treasury Bond ETF: Treasury bond prices move with interest-rate expectations. Linked by “fed” (US interest rates) in this story.

  • COIN Coinbase Global-28.6% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MSTR Strategy-13.7% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • MARA MARA Holdings-35.9% 9d

    MARA Holdings (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • RIOT Riot Platforms-9.5% 30d

    Riot Platforms (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • JPM JPMorgan Chase+0.4% 30d

    JPMorgan Chase (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

  • BAC Bank of America-10.5% 30d

    Bank of America (national commercial banks): rate changes move lenders' margins and borrowers' demand. Linked by “fed” (US interest rates) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
IBIT+8.64%+8.44%baseafter closeafter closeafter closeafter close
TLTPrices arriving within minutes———after closeafter closeafter closeafter close
COIN+6.64%+6.79%baseafter closeafter closeafter closeafter close
MSTR+12.62%+9.65%baseafter closeafter closeafter closeafter close
MARA-5.01%+9.30%baseafter closeafter closeafter closeafter close
RIOT+0.71%+4.28%baseafter closeafter closeafter closeafter close
JPMPrices arriving within minutes———after closeafter closeafter closeafter close
BACPrices arriving within minutes———after closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

US PPI Hits 6.5% as Bitcoin and Ether Edge Higher The Defiant

Source: The Defiant

This story

CompanyWhenMoveStatus
COINthree days earlier+6.79%final price
COINfive days earlier+6.64%final price
IBITthree days earlier+8.44%final price
IBITfive days earlier+8.64%final price
MARAthree days earlier+9.30%final price
MARAfive days earlier-5.01%final price
MSTRthree days earlier+9.65%final price
MSTRfive days earlier+12.62%final price
RIOTthree days earlier+4.28%final price
RIOTfive days earlier+0.71%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “US PPI Hits 6.5% as Bitcoin and Ether Edge Higher” looks

12 out of 100

“US PPI Hits 6.5% as Bitcoin and Ether Edge Higher” scores 12 out of 100. The score uses 1 sources.